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20121129
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promised the people of egypt when you were elected president. >> reporter: now the egyptian president is putting himself above zwrui additional oversight they stressed the move was only temporary designed to hold people accountable in the previous regime but nevertheless democrats are nervous. one leading senator was asked what message should obama give the egyptian leader. >> he has to express those concerns and say obviously we wanted this change to be not just democratic but also be supportive of stability and also minorities and human rights in egypt. >> reporter: with the danger of instability the egyptian stock market was down more than 9%. >> heather: thank you very much. >> gregg: new york con man peter king announced he will be stepping down from the committee. he is obligated to step down because of term limits self-imposed by the republican party as chairman he helped ensure that new york received crucial federal funding to help combat terrorism. his replacement is not yet announced. he will devote to his new time as the homeland's panel of counterterrorism subcommittee. >>
on israeli security? >> i think it absolutely should. what we saw even before the election here in the united states is that netanyahu has said time and again even in the face of critics that there has been no stronger ally to israel than the united states. the criticism kept comincoming, though. after this incident, i really do think the critics will be quieted. there's a lot of talk about how successful the iron dome program wus was. it deflected over 80% of the rockets that were fired into israel. president obama has committed more funding to iron dome. and i think that it really does cement the fact that this president and this administration has been a tremendous friend and ally to israel and that is not going to change. >> looking to the future, amy, with egypt's mohamed morsi stepping in to broker the peace, does it show that the region no longer needs the u.s. to take the lead role? certainly secretary of state hillary clinton was there, but maybe not a lead role anymore in this type of negotiation. >> no, and in fact, the united states was very crucial to president morsi negotiating
roosevelts election derailed from the depression. >> gretchen: stewart varney went back to the 30s and fast forward here. >> not just me. first year of fdr's second term was 1937 and it was a terrible year for the economy. dow jones industrial was cut in half . unemployment 15 percent and it was a depression within the big depression of the 1930s. is the parallels between then and now. fdr raised taxings. president obama is going to raise taxes. many of the big themed policies of the first term of fdr were implemented in the second term. same with president obama and think obama care and financial reform . attacking wall street as the villian. president roosevelt did that . wall street was the villians and shades of that exactly. 2013 president obama wall street is the villiage and then the rearrangement of society. fdr tried to do it. and president obama is doing it and run away government spending. parallels are there and hope it doesn't work out like it did then. >> we want all americans back to work. and back in the 30s industrial plummeted 34 percent in the first year of the second ter
ever. after many hear their elected leader has driven the wedge deeper and wider. at dawn, there were more tents and protesters around tahrir square, but that didn't stop clashes with police, where protesters blocked traffic defying president mohamed morsi's orders. after morsi declared sweeping powers for himself, leaving him above the law. >> translator: we are here because the goals of the revolution have yet to be achieved. >> reporter: morsi told his supporters he had to take radical measures to protect the revolution. and fast track a new constitution being written by a mostly islamist assembly, after which he said he'd give up those powers. yes, he might be a dictator for the time being, but these powers will be transferred to an elected parliament, he said. but the decrees have triggered protests and riots across the nation. dozens were injured in alexandria when angry youth stormed and set fire to morsi's muslim brotherhood headquarters. this action makes him a dictator even more than hosni mubarak, he said. critics call it a power grab, after brokering a cease fire deal in g
tax rates. if they raise taxes they will lose the primary and there's no general election, they don't have to where he about voters. >> are democrats signaling where they may be willing to compromise? >> reporter: president has been willing to talk about social security and medicare and put entitlements on the table. the problem the president has is many parts of his base, including some of those house democrats that he might need in some sort of forged compromise, they are not crazy about doing that. we won. the mandate is to raise taxes. there was no mandate from the voters to tinker with social security and tinker with medicare, but at some point the president's going to put that on the table, and the question will his base let him do it? >> let me switch gears a bit. i want to ask you about senator john mccain. he, of course, has been very critical about the potential nomination of u.n. ambassador susan rice to be secretary of state, something that hasn't happened yet. he appeared to strike a more conciliatory tone over the weekend. i'm going to play two statements for you, john
Search Results 0 to 4 of about 5